Persimmon
A trading opportunity for you?
Will Persimmon break support, or will it rise again to 2476p (+27%)
- Shares down 16-22% from recent highs; 4 touches off rising support.
- Will the shares recover the 5.4% dividend paid today?
- Now trading 1944p (at time of writing)
- Will the pattern repeat itself, rising back to recent levels of 2476p (+27%)
- Shares at -22% from 2019 highs; +2.6% from 2019 lows; +0.6% year-to-date.
- 1 May: Persimmon right to prioritize quality over sales says Hargreaves lansdown
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Persimmon – An Example
Let’s say you like the Persimmon support, you think it’s heading back up to 2476p. You decide to buy exposure to £10,000 worth of Persimmon using a CFD, at the current price of 1944p. To do this, you need £2,000.
Let’s assume Persimmon rises back to 2476p (+27%). Your profit would be £2700, from your initial investment of £2000.
Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Persimmon falls 5% and hits your stop-loss. Your loss would be £500.
This is provided for information purposes only. It should not be taken as a recommendation.